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Remodeled Two-Family Home

323 W Division Street New Haven, CT 06511

323 W Division Street, New Haven, CT, 06511
$479,900
For Sale
Claim this Listing
$479,900

MULTI_FAMILY - New Haven, CT

Property Size2,268 SF
Lot Size0.08 Acres
Price / SF$211.60
AddedMay 14
Days on Market64
Last RefreshJul 16 at 8:06 am

Property Features for 323 W Division Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5, Bathroom 2, Basement, Bathroom 3
Parking
4
Basement
Full
Standard status
Active
Size
2,268 SF
Lot size
0.08 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
6856

Utilities

Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public

Building Details

Year built
1900
Architectural style
Other

Listing agent Kathy Chiluisa

Listing office RE/MAX Right Choice 105 Technology Drive, Suite 1a, Trumbull, CT

Listing date May 14, 2026

MLS# 24175526 Listing URL

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This is a recently remodeled two-family home. The first floor features 2 bedrooms, a living room, an eat-in kitchen, and a full bath. The combined second and third floors offer 4 bedrooms and 2 full bathrooms. The property includes newer kitchen cabinets and appliances, a newer roof, fresh paint, and new flooring. Laundry hookups are located in the basement. The property also features a fenced-in yard and a detached car garage. The lot size is 0.08 acres. The property size is 2268 square feet. The zoning is RM2. The property is located in New Haven, CT.

Key Highlights

  • Recently remodeled two‑family home
  • First floor: 2 bedrooms, living room, eat‑in kitchen, and 1 full bathroom
  • Second and third floors combined: 4 bedrooms and 2 full bathrooms

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $58.5k $25.80
− Vacancy −$4.0k −$1.75
EGI $54.5k $24.05
− OpEx −$16.4k −$7.21
NOI $38.2k $16.83
2,268 SF · lease $25.80/SF/yr · vacancy 6.80% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$545.4K
$477.2K – $636.3K (±1% cap)
NOI $38,175 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$507.5K
$444.0K – $592.1K (±1% cap)
NOI $35,523 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$729.6K
$638.4K – $851.2K (±1% cap)
NOI $51,069 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Skin Care Clinic Law Firm Dental Office Bakery Accounting Firm Carpet & Flooring Store Locksmith Storage Facility Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Recently remodeled two-family home with modern updates and detached garage.
Where is this duplex located?
The property is located at 323 W Division Street New Haven, CT.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Recently remodeled two‑family home; First floor: 2 bedrooms, living room, eat‑in kitchen, and 1 full bathroom; Second and third floors combined: 4 bedrooms and 2 full bathrooms
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